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Wells Fargo to raise $10.4 bn in share sale, repay funds
Wells Fargo & Co, seeking to wipe away the tarnish of US government bailout funds, kept pace with rival banks by announcing a $10.4 billion share sale to help repay the Troubled Asset Relief Program. The San Francisco-based bank plans to return all of the $25 billion that taxpayers invested last year, according to a company statement issued on Monday. generic levitra

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F&O Outlook: Nifty to hit new high
The FIIs long build-up in the Nifty futures and short covering in stocks futures during the week ended November 13 augur well for the market. The Nifty expected to hit a new high in the coming week if it crosses a crucial resistance at 5,060. On the down side the 4,940 is healthy support and below that 4,860 is the crucial support level. The Nifty rose over four per cent during the week largely due to short covering from the foreign investors in Nifty futures and stocks futures.

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IDEA Cellular bags title sponsorship for Bangla tri-series
IDEA Cellular today bagged the title sponsorship for the one day international (ODI) cricket tri-series and the test match series. The series is to be played in Bangladesh from January 4, 2010. The cricket tournament, which includes a seven match ODI tri-series between India, Bangladesh and Sri Lanka and two test match series between India and Bangladesh will be titled ‘The IDEA Cup’.
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Dr Reddy's up 2% on Q1 net surge

The stock extended gains and touched a high of Rs 795, up 9% from its low. It finally settled at Rs 786 - up 5%. It is now only 5% lower from its 52-week high of Rs 829 which it had touched yesterday. - Tech Mahindra gains 2% on heavy volumes - Canara Bank gains on spectacular rise in profits - NDTV gains despite poor Q1 nos - DCM Shriram Cons adds 2% on leap in profit - VST Tillers touches new high, gains 4% - TCS rallies 15% post quarterly results Volumes jumped considerably to 355,987 shares as against its two-week daily average trade of 80,405 shares on the BSE. ________________________________________________ (Updated at 1222 hrs) Dr Reddy"s has advanced on the back of good Q1 profits for the June quarter. The stock touched a new- all- time high of Rs 829 yesterday. The stock opened at Rs 750, slipped to a low of Rs 728 and touched a high of Rs 775. The scrip is now trading at Rs 763, up 2% from the previous close. Around 126,111 shares have been traded on the BSE as compared to the two-week daily average traded volumes of 80,405 shares on the BSE. Dr Reddy"s posted a 120% surge in the net profit to Rs 244.5 crore in the June quarter as compared to Rs 111.1 crore during the corresponding quarter, a year ago. Revenue even increased 21% to Rs 1,819 crore against Rs 1,50.9 crore last year


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